Pretty sure someone did back in the day (and I'm pretty sure I did as well).
I've been scouring the web trying to find something about it, but have come up empty, which is why I reached out here.
If I remember correctly, the conversion process was something like exporting from 3DO, importing that into a 3rd party tool (I believe it was a command line tool), importing the result into a conversion software and exporting to Lightwave format.
Maybe I'm thinking of a different game, but I'm almost positive I had one of the units (Sky Knight) in LWO format at one time.
Wire